Carly shares information regarding the housing market in San Diego. As of this time last year, there were 20,000 homes actively available for sale in San Dieogo. As of today, there are only 7,000 homes for sale. This drastic change is creating a flury in the market place. Buyers and Sellers are now experiencing multiple offers. There is a large “shadow inventory” from the banks that have foreclosed on homes and not yet released back on the market. Prices are still very good and interest rates have dropped even more to 3.5%. Buyers have much more buying power.
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